---------------------------------------------------------- Yak-List Digest Archive --- Total Messages Posted Wed 10/24/18: 2 ---------------------------------------------------------- Today's Message Index: ---------------------- 1. 10:47 AM - Re: Aircraft purchase, payment and delivery question (Michael Foster) 2. 12:15 PM - Re: Aircraft purchase, payment and delivery question (Richard Hess) ________________________________ Message 1 _____________________________________ Time: 10:47:12 AM PST US From: Michael Foster Subject: Re: Yak-List: Aircraft purchase, payment and delivery question Guys, this is not carvana. Normally a potential buyer would come to the airplane for sale. An aircraft prebuy inspection, while not required, is the responsibility of the purchaser and discrepancies are negotiated for repair or acceptance. Terms are agreed upon and money is exchanged. The new owner takes possession and flys away. It becomes his airplane in total. I would never allow an aircraft to leave my state for an owners or prebuy inspection before an actual purchase. The offer takes place in my hangar, the airplane is available for inspection or flight and the transaction is completed before the new owner departs with HIS airplane. Boat sales are completed in a similar manner. The buyer comes, makes his inspection, often orders an insurance survey at an agreed upon location or boat yard. If acceptable, he makes payment and takes takes ownership. Should the boat sink a hundred yards out of the slip the seller is no longer involved. Serious buyers will make a serious effort to purchase. Desperate sellers will make huge concessions or take unnecessary risks. Remember if you give up control over your airplane it may be very difficult and expensive to get it back. Sent from my iPad > On Oct 22, 2018, at 10:18 PM, Bill Geipel wrote: > > > Not picking on you, but, after reading your demands, I would be afraid to sell you an airplane. Even if you come to pick it up. > > Sent from my iPad > >> On Oct 23, 2018, at 10:44 AM, Junkhead wrote: >> >> >> I have a question in regard to the purchase of an aircraft, payment and delivery. >> >> If you purchase an aircraft that is located across the country what is the normal process of getting it paid and delivered? >> >> I would like to have it delivered by the seller and have it arrive in the same condition that is now. If something happened while being delivered I would want the seller to pay for that repair. I am willing to pay for their expense of the delivery, gas, oil, hotel and return flight but not any repairs that need done in case of a problem during the delivery process. Also, I would like their insurance to cover it during the delivery. As long as the aircraft is paid in full before leaving their airport the seller is willing to have his insurance cover it until arriving at my airport. I am just worried that insurance company will not cover it if I am the owner. So the exchange of ownership needs to take place at my airport. >> >> Given all of that, how do people normally take care of this? >> >> Feel free to PM me. >> >> Thanks, >> >> SAM >> >> >> >> >> Read this topic online here: >> >> http://forums.matronics.com/viewtopic.php?p=483959#483959 >> >> >> >> >> >> >> >> >> > > > > ________________________________ Message 2 _____________________________________ Time: 12:15:47 PM PST US From: Richard Hess Subject: Re: Yak-List: Aircraft purchase, payment and delivery question A detailed sales agreement and an escrow agent can also help protect your interest! Richard Hess C 404-964-4885 > On Oct 24, 2018, at 12:46 PM, Michael Foster wrote: > > > Guys, this is not carvana. Normally a potential buyer would come to the airplane for sale. An aircraft prebuy inspection, while not required, is the responsibility of the purchaser and discrepancies are negotiated for repair or acceptance. Terms are agreed upon and money is exchanged. The new owner takes possession and flys away. It becomes his airplane in total. > > I would never allow an aircraft to leave my state for an owners or prebuy inspection before an actual purchase. The offer takes place in my hangar, the airplane is available for inspection or flight and the transaction is completed before the new owner departs with HIS airplane. Boat sales are completed in a similar manner. The buyer comes, makes his inspection, often orders an insurance survey at an agreed upon location or boat yard. If acceptable, he makes payment and takes takes ownership. Should the boat sink a hundred yards out of the slip the seller is no longer involved. > > Serious buyers will make a serious effort to purchase. Desperate sellers will make huge concessions or take unnecessary risks. Remember if you give up control over your airplane it may be very difficult and expensive to get it back. > > Sent from my iPad > >> On Oct 22, 2018, at 10:18 PM, Bill Geipel wrote: >> >> >> Not picking on you, but, after reading your demands, I would be afraid to sell you an airplane. Even if you come to pick it up. >> >> Sent from my iPad >> >>> On Oct 23, 2018, at 10:44 AM, Junkhead wrote: >>> >>> >>> I have a question in regard to the purchase of an aircraft, payment and delivery. >>> >>> If you purchase an aircraft that is located across the country what is the normal process of getting it paid and delivered? >>> >>> I would like to have it delivered by the seller and have it arrive in the same condition that is now. If something happened while being delivered I would want the seller to pay for that repair. I am willing to pay for their expense of the delivery, gas, oil, hotel and return flight but not any repairs that need done in case of a problem during the delivery process. Also, I would like their insurance to cover it during the delivery. As long as the aircraft is paid in full before leaving their airport the seller is willing to have his insurance cover it until arriving at my airport. I am just worried that insurance company will not cover it if I am the owner. So the exchange of ownership needs to take place at my airport. >>> >>> Given all of that, how do people normally take care of this? >>> >>> Feel free to PM me. >>> >>> Thanks, >>> >>> SAM >>> >>> >>> >>> >>> Read this topic online here: >>> >>> http://forums.matronics.com/viewtopic.php?p=483959#483959 >>> >>> >>> >>> >>> >>> >>> >>> >>> >> >> >> >> > > > > > ------------------------------------------------------------------------------------- Other Matronics Email List Services ------------------------------------------------------------------------------------- Post A New Message yak-list@matronics.com UN/SUBSCRIBE http://www.matronics.com/subscription List FAQ http://www.matronics.com/FAQ/Yak-List.htm Web Forum Interface To Lists http://forums.matronics.com Matronics List Wiki http://wiki.matronics.com Full Archive Search Engine http://www.matronics.com/search 7-Day List Browse http://www.matronics.com/browse/yak-list Browse Digests http://www.matronics.com/digest/yak-list Browse Other Lists http://www.matronics.com/browse Live Online Chat! http://www.matronics.com/chat Archive Downloading http://www.matronics.com/archives Photo Share http://www.matronics.com/photoshare Other Email Lists http://www.matronics.com/emaillists Contributions http://www.matronics.com/contribution ------------------------------------------------------------------------------------- These Email List Services are sponsored solely by Matronics and through the generous Contributions of its members.